A libertarian’s view of Bitcoin & why you should invest in it

Bitcoin is the world’s fastest growing currency. It holds several key advantages over traditional currencies that libertarians find attractive. These advantages are bitcoin’s keys to success, both as a currency and as an investment. Continue reading “A libertarian’s view of Bitcoin & why you should invest in it”

Prudential’s Asset Allocation Quiz is Amazing

Today I’m writing about Prudential’s Asset Allocation tool, and how it amazed me.

If you don’t know what an asset allocation quiz is, it’s a tool that financial intuitions created to provide advice on how to invest. These tools are often designed as a series of short questions about your investment horizon, risk tolerance and investment goals. Based on how you answer the questions, the tool will tell you how you should allocate your investments.

Up until now, I always considered these tools to be worthless. I know a fair amount about investing, and the results I got from these were always too conservative.

I’ve taken a number of these quizzes over the last 15 years. No matter what the quiz, I never agreed with the results. In fact, I used to take them just to see how bad the advice was. Continue reading “Prudential’s Asset Allocation Quiz is Amazing”

Seven Reasons To Invest In Bank Of America Heading In 2017

bank of americaThere are a few times in the life of an investor when the stars align and you find a trade that you’re confident will earn nice return. I’m 38 years old, and I’ve been investing since I was 18. This trade is only the second time in my life that I feel I found an investment that will easily outperform the S&P 500 over next several years.

Bank of America is positioned very well for 2017 and beyond. Below I outline seven reasons why this stock is a good buy heading into the new year. Continue reading “Seven Reasons To Invest In Bank Of America Heading In 2017”

Trading the 2016 US Presidential Election

11/9/16 Update: What a wild ride. Global markets dropped sharply overnight once it started to look like Trump was going to win the election, but by the US opening bell, everything had recovered. The S&P 500 closed today up over 1%, and I exited my position in SVXY making $1.06 after commissions. This was the strangest dollar I’ve ever earned. Continue reading “Trading the 2016 US Presidential Election”

5 Reasons to Invest in Bitcoin before the Halving

Bitcoin’s growth in value over the last 30 days has been incredible. Year to date, this cryptocurrency has increased about 200% in value. So is buying bitcoin a good investment?

Bitcoin

kenneth ashe bitcoinBitcoin is the world’s first decentralize digital currency. It can easily be sent to anyone in the world and converted to most local currencies. BTC is accepted at over 100,000 retailers including Microsoft, Dell and Expedia.

Bitcoin was created in 2009. Its value has fluctuated significantly over its short life. In 2011 it grew from $0.30 to $32. In 2013 bitcoin hit its high of $1,242. So far in 2016, it’s traded between $363 and $779.
All amounts above are in USD. Continue reading “5 Reasons to Invest in Bitcoin before the Halving”